______ shows that net income for a specified period of time and how it was calculated.A．The accounting statementB．The capital statementC．The income statementD．The statement of financial condition

题目

______ shows that net income for a specified period of time and how it was calculated.

A．The accounting statement

B．The capital statement

C．The income statement

D．The statement of financial condition

相似考题

1.A technique that can be used to measure the total income of a project compared to the total moneys expended at any period of time is:A . return on investment (ROI)B . net present value (NPV)C . discounted cash flow (DCF)D . B and CE . All of the above.

2.Under the cash basis for the accounting period concept, revenues and expenses are reported in the income statement in the period in which cash is received or paid.()此题为判断题(对，错)。

3.Stockholders' equity ( )A、is usually equal to cash on handB、includes paid-in capital and liabilitiesC、includes retained earnings and paid-in capitalD、is shown on the income statement

4.136 A technique that can be used to measure the total income of a project compared to the total moneys expended at any period of time is:A. return on investment (ROI)B. net present value (NPV)C. discounted cash flow (DCF)D. B and CE. All of the above

更多“______ shows that net income for a specified period of time and how it was calculated.A．The accounting statementB．The capital statementC．The income statementD．The statement of financial condition”相关问题

  • 第1题：

    The cost method of accounting for stock( )

    A、recognizes dividends as income

    B、is only appropriate as part of a consolidation

    C、requires the investment be increased by the reported net income of the investee

    D、requires the investment be decreased by the reported net income of the investee


    正确答案:A

  • 第2题：

    Which of the following financial statements reports information as of a specific date? ()

    A. income statement

    B. statement of owner's equity

    C. statement of cash flows

    D. balance sheet


    参考答案：D

  • 第3题：

    5 The International Accounting Standards Board (IASB) is currently in a joint project with the Accounting Standards

    Board (ASB) in the UK and the Financial Accounting Standards Board (FASB) in the USA in the area of reporting

    financial performance/comprehensive income. The main focus of the project is the development of a single statement

    of comprehensive income to replace the income statement and statement of changes in equity. The objective is to

    analyse all income and expenses and categorise them in a way that increases users’ understanding of the results of

    an entity and assists in forming expectations of future income and expenditure. There seems to be some consensus

    that the performance statement should be divided into three components being the results of operating activities,

    financing and treasury activities, and other gains and losses.

    Required:

    (a) Describe the reasons why the three accounting standards boards have decided to cooperate and produce a

    single statement of financial performance. (8 marks)


    正确答案：
    (a) The main reasons why the three accounting standards boards have decided to come together in a joint project regarding a
    single performance statement are as follows:
    (i) there are many different formats and classifications used for financial statements and different time periods used for
    comparative data in different countries.
    (ii) there are no common definitions as regards the key elements of financial performance and no agreement on the standard
    definitions of the key ratios which would then determine the nature of the information that financial statements should
    provide. There has been an increase in the reporting of alternative and often inconsistent financial performance
    measures that has led to confusion and often has misled users.
    (iii) there has been an increase in the use of pro-forma reporting which would tend to suggest that the existing totals and
    sub totals in financial statements are not being used or relied upon as much as in the past.
    (iv) there are benefits in separating transactions and events that are recorded at historical cost from those recorded at fair
    value. Also, the differentiation between trading and holding gains gives useful information. This ‘mixed attribute’ model
    is causing concern over the effects on reported performance.
    (v) there is often insufficient disaggregation of data which prevents effective financial analysis of performance.
    (vi) there has been an inconsistency in the use of ‘recycling ‘in financial statements of different jurisdictions which has led
    to issues of reporting gains and losses twice.
    (vii) the reporting of gains and losses on financial instruments required consideration. The gains and losses may currently be
    reported under several headings dependent upon the nature of the instrument.
    (viii) there are many relevant items excluded from the performance statements and inappropriate items included. For example
    the reporting of foreign currency gains/losses on the retranslation of the net investment in foreign operations is normally
    recognised in equity in many countries and dividends proposed shown on the face of the income statement when it does
    not meet the definition of a liability and is a transaction with the owners of the business and not third parties.
    (ix) Information is inconsistently classified within and outside totals and subtotals.

  • 第4题：

    19 Which of the following statements about intangible assets in company financial statements are correct according

    to international accounting standards?

    1 Internally generated goodwill should not be capitalised.

    2 Purchased goodwill should normally be amortised through the income statement.

    3 Development expenditure must be capitalised if certain conditions are met.

    A 1 and 3 only

    B 1 and 2 only

    C 2 and 3 only

    D All three statements are correct


    正确答案：A

  • 第5题：

    听力原文：If a statement that presents a summary of the revenues and expenses of a business unit for a specific period, what is it called?

    (3)

    A．the income statement

    B．the balance sheet

    C．the financial statement

    D．the statement of cash flow


    正确答案：A
    解析：单句问的是“在一特定日期总结一家事业单位收益和亏损的报表是什么报表”，根据所学知识，这应是指损益表。

  • 第6题：

    The underlying purpose of accounting is to provide ______ for decision making about an economic entity.

    A．commercial information

    B．financial information

    C．cash position

    D．income distribution


    正确答案：B
    解析：会计提供财务信息。underlying purpose基本宗旨。economic entity经济实体。financial information财务信息。cash position现金头寸。income distribution收入分配。

  • 第7题：

    Net income had the year－over－year decrease due to a net loss in its investment income.()

    此题为判断题(对，错)。


    参考答案：对

  • 第8题：

    When the management of a business makes some decisions, it often refers to the normal income statement because the normal income statement is more useful in that.

    A．Right

    B．Wrong

    C．Doesn't say


    正确答案：B
    解析：从段落中最后一句话For management's use in the decision-making process…as a Contribution Margin Income Statement, is more valuable可得知答案。

  • 第9题：

    If ending inventory for the year is understated, net income for the year is overstated.()


    正确答案：错

  • 第10题：

    When a company discontinues and disposes of an operation，the action is considered：（ ）.

    A.a cumulative effect of a change in an accounting principle
    B.a prior period adjustment
    C.an extraordinary item
    D.separately and shown net of taxes on the income statement

    答案：C
    解析：
    题目意为“当公司停止并处置某项业务时，该行动将被视为______。”选项A意为“会计原则调整的累积效应”；选项B意为“前期损益调整”；选项C意为“非经常项目，特殊项目”；选项D意为“损益表中显示的税后净额”，故选C。
    　　

  • 第11题：

    利润表（Income Statement）IS


    正确答案: 又称为动态报表。有时，利润表也称为损益表、收益表。是反映企业在一定会计期间经营成果的报表。

  • 第12题：

    单选题
    Income Income may be national income and personal income. Whereas national income is defined as the total earned income of all the factors of production-namely, profits, interest, rent, wages, and other compensation for labor, personal income may be defined as total money income received by individuals before personal taxes are paid. National income does not equal GNP (Gross National Product) because the factors of production do not receive payment for either capital consumption allowances or indirect business taxes, both of which are included in GNP. The money put aside for capital consumption is for replacement and thus is not counted as income. Indirect taxes include sales taxes, property taxes , and excise taxes that are paid by businesses directly to the government and so reduce the income left to pay for the factors of production. Three-fourths of national income goes for wages, salaries, and other forms of compensation to employees. Whereas national income shows the income that the factors of production earn, personal income measures the income that individuals or households receive. Corporation profits are included in national income because they are earned. Out of these profits, however, corporation profit taxes must be paid to the government, and some money must be put into the business for expansion. Only that part of profits distributed as dividends goes to the individual; therefore, out of corporation profits only dividends count as personal income. The factors of production earn money for social security and unemployment insurance contributions, but this money goes to government (which is not a factor of production), not to individuals. It is therefore part of national income but not part of personal income. On the other hand, money received by individuals when they collect social security or unemployment compensation is not money earned but money received. Interest received on government bonds is also in this category, because much of the money received from the sale of bonds went to pay for war production and that production no longer furnishes a service to the economy. The money people receive as personal income may be either spent or saved. However, not all spending is completely voluntary. A significant portion of our income goes to pay personal taxes. Most workers never receive the money they pay in personal taxes, because it is withheld from their paychecks. The money that individuals are left with after they have met their tax obligations is disposable personal income. Disposable income can be divided between personal consumption expenditures and personal savings. It is important to remember that personal saving is what is left after spending. Which of the following statements is true according to the first paragraph?（）
    A

    GNP equals national income plus indirect business taxes.

    B

    GNP excludes both capital consumption allowances and indirect business taxes.

    C

    Personal income is regarded as the total money income received by an individual after his or her taxes are paid.

    D

    The money that goes for capital consumption is not regarded as income.


    正确答案： B
    解析： 本题的依据是第一段的The money put aside for capital consumption is for replacement and thus is not counted as income 这个句子。对原句的词语选项D用了别的表达方法，但大意仍保持不变。答案为D。

  • 第13题：

    The method of accounting for investments in equity securities in which the investor records its share of periodic net income of the investee is the ( )

    A、cost method

    B、market method

    C、income method

    D、equity method


    正确答案:D

  • 第14题：

    3 The directors of Panel, a public limited company, are reviewing the procedures for the calculation of the deferred tax

    provision for their company. They are quite surprised at the impact on the provision caused by changes in accounting

    standards such as IFRS1 ‘First time adoption of International Financial Reporting Standards’ and IFRS2 ‘Share-based

    Payment’. Panel is adopting International Financial Reporting Standards for the first time as at 31 October 2005 and

    the directors are unsure how the deferred tax provision will be calculated in its financial statements ended on that

    date including the opening provision at 1 November 2003.

    Required:

    (a) (i) Explain how changes in accounting standards are likely to have an impact on the provision for deferred

    taxation under IAS12 ‘Income Taxes’. (5 marks)


    正确答案：

    (a) (i) IAS12 ‘Income Taxes’ adopts a balance sheet approach to accounting for deferred taxation. The IAS adopts a full
    provision approach to accounting for deferred taxation. It is assumed that the recovery of all assets and the settlement
    of all liabilities have tax consequences and that these consequences can be estimated reliably and are unavoidable.
    IFRS recognition criteria are generally different from those embodied in tax law, and thus ‘temporary’ differences will
    arise which represent the difference between the carrying amount of an asset and liability and its basis for taxation
    purposes (tax base). The principle is that a company will settle its liabilities and recover its assets over time and at that
    point the tax consequences will crystallise.

    Thus a change in an accounting standard will often affect the carrying value of an asset or liability which in turn will
    affect the amount of the temporary difference between the carrying value and the tax base. This in turn will affect the
    amount of the deferred taxation provision which is the tax rate multiplied by the amount of the temporary differences(assuming a net liability for deferred tax.)

     

  • 第15题：

    18 How should interest charged on partners’ drawings appear in partnership financial statements?

    A As income in the income statement

    B Added to net profit and charged to partners in the division of profit

    C Deducted from net profit and charged to partners in the division of profit

    D Deducted from net profit in the division of profit and credited to partners


    正确答案：B

  • 第16题：

    (ii) Explain how the inclusion of rental income in Coral’s UK income tax computation could affect the

    income tax due on her dividend income. (2 marks)

    You are not required to prepare calculations for part (b) of this question.

    Note: you should assume that the tax rates and allowances for the tax year 2006/07 and for the financial year to

    31 March 2007 will continue to apply for the foreseeable future.


    正确答案：
    (ii) The effect of taxable rental income on the tax due on Coral’s dividend income
    Remitting rental income to the UK may cause some of Coral’s dividend income currently falling within the basic rate
    band to fall within the higher rate band. The effect of this would be to increase the tax on the gross dividend income
    from 0% (10% less the 10% tax credit) to 221/2% (321/2% less 10%).
    Tutorial note
    It would be equally acceptable to state that the effective rate of tax on the dividend income would increase from 0%
    to 25%.

  • 第17题：

    The revenue, expense, and drawing accounts are ______ used in classifying and summarizing changes in capital during the accounting period.

    A．temporary accounts

    B．permanent accounts

    C．income summary

    D．terminal accounts


    正确答案：A
    解析：revenue，expense and drawing accounts营业收入、费用和提存账户。changes in capital资金变动。accounting period会计结算期，会计年度。temporary account临时性账户。permanent account永久性账户。income summary收入总汇。terminal account终结账户。

  • 第18题：

    Apart from borrowing from hanks, a firm or an individual can obtain funds in a financial market in two ways. The most common method is to issue a (61) , such as a bond or a mortgage, which is a (62) by the borrower to pay the holder of it at (63) until a specified date, when a final payment is made. The (64) of it is the time of expiration date. The second method of raising funds is by issuing (65) , such as common stock, which are claims to share in the net income and the assets of a business.

    (46)

    A．debt instrument

    B．letter of credit

    C．letter of guarantee

    D．certificate of deposit


    正确答案：A
    解析：句意：最常见的一种方法是发行债务工具，比如债券或抵押。debt instrument债务工具。letter of credit信用证。letter of guarantee保证函。certificate of deposit大额定期存单。

  • 第19题：

    The other main source of revenue for a bank is fee income, or called ______ income.

    A．interest

    B．commission

    C．service

    D．net


    正确答案：B
    解析：句意：银行另一项主要收人来源于手续费。fee income-和commission income都指手续费，是银行不需要动用自己资金获得的收入，是与利息不同的一种收入来源。

  • 第20题：

    The income statement is prepared from ().

    A.the income statement columns of the work sheet

    B.the adjusted trial balance

    C.either the adjusted trial balance or the income statement columns of the work sheet

    D.both the adjusted trial balance and the income statement columns of the work sheet


    正确答案：C

  • 第21题：

    Which of the following will begin a new unit of work?()

    A.The CONNECT statement

    B.The first FETCH of a cursor

    C.The BEGIN TRANSACTION statement

    D.The first executable SQL statement


    参考答案：D

  • 第22题：

    Income Income may be national income and personal income. Whereas national income is defined as the total earned income of all the factors of production-namely, profits, interest, rent, wages, and other compensation for labor, personal income may be defined as total money income received by individuals before personal taxes are paid. National income does not equal GNP (Gross National Product) because the factors of production do not receive payment for either capital consumption allowances or indirect business taxes, both of which are included in GNP. The money put aside for capital consumption is for replacement and thus is not counted as income. Indirect taxes include sales taxes, property taxes , and excise taxes that are paid by businesses directly to the government and so reduce the income left to pay for the factors of production. Three-fourths of national income goes for wages, salaries, and other forms of compensation to employees. Whereas national income shows the income that the factors of production earn, personal income measures the income that individuals or households receive. Corporation profits are included in national income because they are earned. Out of these profits, however, corporation profit taxes must be paid to the government, and some money must be put into the business for expansion. Only that part of profits distributed as dividends goes to the individual; therefore, out of corporation profits only dividends count as personal income. The factors of production earn money for social security and unemployment insurance contributions, but this money goes to government (which is not a factor of production), not to individuals. It is therefore part of national income but not part of personal income. On the other hand, money received by individuals when they collect social security or unemployment compensation is not money earned but money received. Interest received on government bonds is also in this category, because much of the money received from the sale of bonds went to pay for war production and that production no longer furnishes a service to the economy. The money people receive as personal income may be either spent or saved. However, not all spending is completely voluntary. A significant portion of our income goes to pay personal taxes. Most workers never receive the money they pay in personal taxes, because it is withheld from their paychecks. The money that individuals are left with after they have met their tax obligations is disposable personal income. Disposable income can be divided between personal consumption expenditures and personal savings. It is important to remember that personal saving is what is left after spending. It can be easily seen from this passage that the government levies tax on（）

    • A、corporation profits
    • B、every individual even though his income is very low
    • C、those who work in joint ventures
    • D、those who work in government departments

    正确答案:A

  • 第23题：

    Income Income may be national income and personal income. Whereas national income is defined as the total earned income of all the factors of production-namely, profits, interest, rent, wages, and other compensation for labor, personal income may be defined as total money income received by individuals before personal taxes are paid. National income does not equal GNP (Gross National Product) because the factors of production do not receive payment for either capital consumption allowances or indirect business taxes, both of which are included in GNP. The money put aside for capital consumption is for replacement and thus is not counted as income. Indirect taxes include sales taxes, property taxes , and excise taxes that are paid by businesses directly to the government and so reduce the income left to pay for the factors of production. Three-fourths of national income goes for wages, salaries, and other forms of compensation to employees. Whereas national income shows the income that the factors of production earn, personal income measures the income that individuals or households receive. Corporation profits are included in national income because they are earned. Out of these profits, however, corporation profit taxes must be paid to the government, and some money must be put into the business for expansion. Only that part of profits distributed as dividends goes to the individual; therefore, out of corporation profits only dividends count as personal income. The factors of production earn money for social security and unemployment insurance contributions, but this money goes to government (which is not a factor of production), not to individuals. It is therefore part of national income but not part of personal income. On the other hand, money received by individuals when they collect social security or unemployment compensation is not money earned but money received. Interest received on government bonds is also in this category, because much of the money received from the sale of bonds went to pay for war production and that production no longer furnishes a service to the economy. The money people receive as personal income may be either spent or saved. However, not all spending is completely voluntary. A significant portion of our income goes to pay personal taxes. Most workers never receive the money they pay in personal taxes, because it is withheld from their paychecks. The money that individuals are left with after they have met their tax obligations is disposable personal income. Disposable income can be divided between personal consumption expenditures and personal savings. It is important to remember that personal saving is what is left after spending. This passage is mainly about（）

    • A、the difference between national income and GNP
    • B、the difference between national income and personal income
    • C、the concept of income
    • D、the difference between disposable income and nondisposable income

    正确答案:B

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